E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/13/2021 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $1.28 million buffered index-linked notes on Stoxx

By Kiku Steinfeld

Chicago, Dec. 13 – GS Finance Corp. priced $1.28 million of 0% buffered notes due Nov. 27, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return. Investors will receive par if the index falls by up to 30% and lose 1% for every 1% that the index may decline beyond 30%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Buffered notes
Underlying index:Euro Stoxx 50 index
Amount:$1,276,000
Maturity:Nov. 27, 2026
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus index return; par if index falls by up to 30%; 1% loss for every 1% decline in index beyond 30%
Initial level:4,283.82
Buffer level:70% of initial level
Pricing date:Nov. 23
Settlement date:Nov. 29
Underwriter:Goldman Sachs & Co. LLC
Fees:3.71%
Cusip:40057JXH4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.